Black Friday Sale! 50% Off All Access

TikTok's Oracle-Walmart Sale Shelved 'Indefinitely' The Biden administration is conducting its own review into potential security risks from Chinese tech firms.

By Stephanie Mlot

Entrepreneur+ Black Friday Sale

Our biggest sale — Get unlimited access to Entrepreneur.com at an unbeatable price. Use code SAVE50 at checkout.*

Claim Offer

*Offer only available to new subscribers

This story originally appeared on PCMag

Rafael Henrique/SOPA Images/LightRocket/Getty Images via PC Mag

TikTok may not be banned in the U.S. after all. A plan to force the sale of the social network's American operations has been shelved "indefinitely" as President Joe Biden reviews potential security risks from Chinese tech firms according to The Wall Street Journal.

The White House on Wednesday reportedly asked to delay the government appeal of a federal district court judge's December injunction against the ban, the paper said, citing "people familiar with the situation." No imminent action is expected.

"We plan to develop a comprehensive approach to securing U.S. data that addresses the full range of threats we face," National Security Council spokeswoman Emily Horne told the Journal. "This includes the risk posed by Chinese apps and other software that operate in the U.S. In the coming months, we expect to review specific cases in light of a comprehensive understanding of the risks we face."

It's been six months since Donald Trump called ByteDance and its TikTok app a threat to national security and ordered the company to sell its U.S.-based business. The former president in September gave preliminary approval for a special deal between Walmart and Oracle to create the domestic entity known as "TikTok Global." However, no further movement has been made since the new administration took office.

Related: Report: Walmart Wants to Jointly Acquire TikTok With Microsoft

"Broadly speaking [...] we are comprehensively evaluating the risks to U.S. data, including TikTok, and will address them in a decisive and effective fashion," White House press secretary Jen Psaki said in a Wednesday press briefing. "If we have news to announce, we will announce it." TikTok parent company ByteDance declined to provide additional comment to PCMag.

Stephanie Mlot

Reporter at PCMag

Stephanie began as a PCMag reporter in May 2012. She moved to New York City from Frederick, Md., where she worked for four years as a multimedia reporter at the second-largest daily newspaper in Maryland. She interned at Baltimore magazine and graduated from Indiana University of Pennsylvania (in the town of Indiana, in the state of Pennsylvania) with a degree in journalism and mass communications.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Making a Change

The App That Makes You Think Like a CEO

Even Mark Cuban is on Headway—try it with our unbeatable price.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Data & Recovery

Not Backing up Your Phone? This is Why You Need to Start.

Skip the iCloud fees with this lifetime iOS backup tool.

Business News

Barbara Corcoran Says This Is the Interest Rate Magic Number That Will Make the Market 'Go Ballistic'

Corcoran said she praying for lower interest rates and people are "tired of waiting."

Health & Wellness

How to Improve Your Daily Routine to Strike a Balance Between Rest and Business Success

Here's how entrepreneurs can balance their time and energy to prevent burnout.

Money & Finance

Why Donald Trump's Business-First Policies Trump Harris' Consumer-Centric Approach

President Donald Trump's pro-business agenda is packed with policy moves encouraging investment to drive economic growth. The next Congress has a unique opportunity to support entrepreneurship and innovation, improving U.S. competitiveness with the rest of the world.